Est. cap rate

2.6%

Assumed rent, all units

$3,880/mo

Units

2

Price per unit

$449,975

Est. annual NOI

$23,280

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Duplex

Bedrooms

2

Building size

1,892 sqft

Lot size

6,503 sqft

Year built

1923

Stories

1

Garage spaces

2

Style

Spanish

Heating

Wall Furnace

Cooling

Wall/Window Unit(s)

Pool

None

View

None

Status

Active

Days on market

5

MLS #

248369764

About this property

TWO HOMES. ONE ADDRESS. A WORLD OF POSSIBILITIES! Discover the opportunity at 3940 La Salle Avenue, Los Angeles, CA 90062! Situated on an approximately 6,503-square-foot lot, this versatile duplex offers 1,892 square feet of living space, two separate units, a detached two-car garage, and a long driveway. Each unit features 2 bedrooms and 1 bathroom, offering flexibility for investors and owner-occupants alike. Both units have been newly upgraded, and the vacant unit features fresh paint, new flooring, and new light fixtures. With one unit to be delivered vacant at closing, the next owner can explore the opportunity to live in one unit while renting the other, accommodate extended family, or expand their real estate portfolio. But the possibilities don't stop there! Featuring LAR2 zoning, a detached two-car garage, and a generous lot, this property offers additional potential for buyers to explore future improvements, including the possibility of an ADU, subject to zoning requirements, feasibility, and applicable city approvals. The location adds even more appeal! Conveniently situated near USC Village, enjoy access to shopping, dining, and everyday essentials. Explore the museums and gardens of Exposition Park, experience sporting events and entertainment near the Los Angeles Memorial Coliseum, the new Lucas Museum of Narrative Art, and BMO Stadium, or head toward Downtown Los Angeles for additional dining, entertainment, and cultural attractions. Convenient access to major freeways and public transportation helps connect you to destinations throughout the city. Whether you're looking to begin your real estate investment journey, expand your portfolio, or explore the possibilities of a property with multiple living spaces and room for future improvements, 3940 La Salle Avenue invites you to envision what's next. Two units. A generous lot. A detached two-car garage. A world of possibilities. Don't miss the opportunity to discover the potential at 3940 La Salle Avenue!

Location

3940 La Salle

Los Angeles, Los Angeles, CA, 90062